Take 5 | 10% Rent Increases | 7% Cap Rate
Qualifies for Bonus Depreciation
Marketing description
Amsterdam, NY, situated along the Mohawk River in Montgomery County, is a legacy industrial city that has gradually diversified its economy while maintaining strong regional transportation access. Located near Interstate 90 and served by Amtrak rail, the city functions as a logistical pass-through between Albany and Utica, enhancing foot traffic and commuter exposure. The compact downtown core, featuring the pedestrian-friendly Mohawk Valley Gateway Overlook bridge and riverfront park space, supports a concentration of small businesses, government services, and hospitality. The Erie Canalway Trail and local recreational amenities such as Riverlink Park draw both residents and regional visitors, reinforcing Amsterdam's potential for daily-use and destination retail.
The city's economy is driven by a mix of healthcare, manufacturing, retail trade, and educational services. St. Mary's Healthcare is one of the area's largest employers, with regional distribution and light industrial facilities offering additional employment opportunities. Fulton-Montgomery Community College and proximity to SUNY institutions provide both workforce development and a pipeline of consumers to support commercial activity. Amsterdam's retail sector performs well due to its low cost of commercial space, minimal retail saturation, and steady demand from residents and commuters. Investment in infrastructure—such as recent downtown revitalization grants and streetscape improvements—continues to support foot traffic and commercial tenant stability, particularly for service-based and convenience retail uses.
Investment highlights
- Newer 2023 build-to-suit construction
- 15-year absolute NNN lease with zero landlord responsibilities for maintenance, taxes, insurance, or capital expenditures
- 10% rent increases every 5 years for the entire term of the lease (base + options)
- The property qualifies for bonus depreciation (consult with a tax professional for details)
- Full-term franchise guarantee from an experienced Take 5 Oil Change operator (±60 T5 locations & 245 locations across all franchise brands)
- Affluent demographics with an average household income of $82,614 annually (5-mile radius)
- Located along the retail drag with traffic counts in excess of ±33,664 vehicles daily
- Local national retail traffic drivers such as Target, Walmart, Home Depot, Kohl's, Tractor Supply, Lowe's Home Improvement, ALDI, Marshalls and many more
- Amsterdam is located within the Albany MSA and is 35 miles from the State Capitol
- Strong Guaranty from Purple Square Management Company, LLC - operates 245 franchise locations across 15 states.
- Purple Square is an operator of Take 5, Dunkin, Baskin Robins, The Brass Tap, Popeyes, Rent-A-Center, Small Sliders, American Family Care and more.
- Take 5 is one of the nation's leading drive-thru oil change concepts with approximately ±1,500 locations across the United States
- Driven Brands operates more than 5,000 units including Take 5 Oil, Meineke Car Care, Maaco, 1-800-Radiator, CARSTAR and more
- Driven Brands has roughly 5,000+ locations throughout 14+ countries, and services more than 70+ million vehicles annually
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